Friday

29th Mar 2024

Ticker

Volkswagen group chief to quit

Volkswagen group CEO Matthias Mueller will soon leave his position and will be replaced by the brand's chief Herbert Diess, the German automaker announced on Tuesday. The company said that the move was due to a change in the management structure and that it has nothing to do with the Dieselgate scandal. Its shares increased by over 4 percent on the Frankfurt stock exchange after the news.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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